Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, has led a $14.5m series B round for Mathpresso, the South Korea-based owner of tutoring app Qanda, Tech in Asia has reported.
The round included venture capital firm InterVest, private equity firm NP Investments and Mirae Asset Venture Investment, a VC subsidiary of financial services provider Mirae Asset.
Qanda is a mobile app that allows users to ask maths questions to a network of more than 10,000 qualified tutors in real time by submitting photographs of problems. They can then peruse the answers step by step.
The platform has more than 2 million registered users and is available in Korean, Japanese, Vietnamese, Indonesian and English.
Mathpresso has now raised $21.2m in total. Samsung Venture Investment, a subsidiary of electronics producer Samsung, invested $900,000 in the company in December 2018 as part of a $5.3m round.
Education services provider Megastudy and its Mega Investment unit participated in a 2016 round for the company, whose earlier investors also include SoftBank Ventures Asia, a corporate venturing subsidiary of telecommunications and internet group SoftBank.
